Top States for Business

46. Rhode Island

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Business is choppy in the Ocean State. Health care is sound, but infrastructure is aging.

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Rhode Island Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business984644F
Infrastructure1534250D
Life, Health & Inclusion23513--B-
Workforce1822332C
Economy1063648D+
Business Friendliness933040C
Access to Capital414139F
Technology & Innovation852827C
Education772825C+
Cost of Living144241F
Overall10844650--

Economic Profile

Governor: Dan McKee, Democrat

Population: 1,057,125

GDP growth (Q1 2021): 7.2%

Unemployment rate (May 2021): 5.8%

Top corporate tax rate: 7.0%

Top individual income tax rate: 5.99%

Gasoline tax: 35 cents/gallon

Bond rating (Moody's/S&P): Aa2, stable/AA, stable

Major private employers: Lifespan, CVS Health

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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